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Revenue (Notes)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUEThe Company has consistently applied its accounting policies with respect to revenue to all periods presented in the consolidated financial statements contained herein. The following table illustrates the Company’s revenue by product service type:
Twelve Months Ended
December 31,
2022
December 31,
2021
Managed Services Revenue$39,456,986 $28,203,556 
Marketplace Spend Fees205,809 319,419 
License Fees1,301,198 1,454,874 
Other Fees131,944 44,528 
SaaS Services Revenue1,638,951 1,818,821 
Total Revenue$41,095,937 $30,022,377 

Managed Services revenue is comprised of two types of revenue, Sponsored Social and Content. Sponsored Social revenue, which totaled $35.2 million for the twelve months ended December 31, 2022, is recognized over time. Content revenue, which totaled $4.3 million during the twelve months ended December 31, 2022, is recognized at a point in time.

The following table provides the Company’s revenues as determined by the country of domicile:
Twelve Months Ended
December 31,
2022
December 31,
2021
United States$40,481,138 $29,390,892 
Canada614,799 631,485 
Total$41,095,937 $30,022,377 
Contract Balances
The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers reported in the Company’s consolidated balance sheet:
December 31, 2022December 31, 2021
Accounts receivable, net$5,664,727 $7,599,103 
Contract liabilities (unearned revenue)11,247,746 11,338,095 
The Company does not typically engage in contracts that are longer than one year. Therefore, the Company will recognize substantially all of the contract liabilities recorded at the end of the year in the following year. The contract liability balance as of December 31, 2021 was $11,338,095. Of that balance, $9.9 million was carried to revenue during 2022. The majority of the carryover from the prior year is related to one large prepaid customer account and a few smaller accounts that needed to be pushed out. The Company expects to recognize the associated revenue in 2022. The accounts receivable balance as of December 31, 2021 was $7,599,103. $35,600 of the outstanding receivables balance from the prior year is still outstanding as of December 31, 2022. The carryforward receivables balance is fully reserved as of December 31, 2022.
Contract receivables are recognized when the receipt of consideration is unconditional. Contract liabilities relate to the consideration received from customers in advance of the Company satisfying performance obligations under the terms of the contracts, which will be earned in future periods. Contract liabilities increase as a result of receiving new advance payments from customers and decrease as revenue is recognized upon the Company meeting the performance obligations. As a practical expedient, the Company expenses the costs of sales commissions that are paid to its sales force associated with obtaining contracts less than one year in length in the period incurred.
Remaining Performance Obligations
The Company typically enters into contracts that are one year or less in length. As such, the remaining performance obligations at December 31, 2022, and December 31, 2021, are equal to the contract liabilities disclosed above. The Company expects to recognize the full balance of the unearned revenue on December 31, 2022, within the next year.